HANOI听–听Vietnam’s gross domestic product is expected to grow by 6.8%-7.0% this year, Prime Minister Pham Minh Chinh聽told parliament聽on Monday,聽before adding that the government was aiming to lift growth above the top end of that range.聽The country’s public debt is under control聽and well below a mandated ceiling set by the National Assembly, Mr. Chinh said at a the start of a month-long parliament session聽in Hanoi.
In 2025, Mr. Chinh said Vietnam would aim for growth of 7.0%-7.5%, supported by a credit growth target of 15%聽and public investment, including spending on transport infrastructure.
He said聽Vietnam will聽also seek to attract foreign investment and expand its export markets.聽“Numerous challenges are lying ahead, but no challenge can slow us down,” Mr. Chinh said.
The Southeast Asian country, a regional industrial hub, reported its strongest economic growth in two years in the September quarter, lifted by exports, industrial production and rising foreign investment, although聽聽caused extensive damage last month that could affect future growth.
Mr. Chinh pledged there would not be any power shortages next year. In 2023,聽聽affected industrial production.
He also said Vietnam would continue its fight against corruption and strengthen its defense capabilities. – Reuters
